This useful tool provides an income spectrum that will help you understand the expectations and requirements that different income streams will have on your organisation. It will help you focus on the different approaches needed for funders, clients and customers. It was developed by the NCVO to help voluntary and community organisations to develop and implement a sustainable income strategy.
- Restricted income stream
- Grant funding or output/outcome-linked income
- Subsidy of project or organisation
- Requires project planning and monitoring
- Relationship based on expectations of projects
- A clear understanding of funder’s criteria essential
- Requires transparency and clarity about use of income